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Mudajaya: Shares hit 9-month low on ongoing SC probe

Concerns about the ongoing investigation by the Securities Commission (SC) on Mudajaya Group Bhd resulted in Mudajaya shares hitting its lowest level since last November, ended trading yesterday at RM3.92. The decline since news first broke has wiped out more than RM650m in Mudajaya's market capitalization. Meanwhile, Mudajaya bought back 1m of its shares for RM4.4m yesterday. (Sources: The Star, The Edge Financial Daily)